How To Sell My House Quickly

Are you currently thinking 'how to sell my house quickly'?

By that I mean are you currently experiencing financial difficulties, under threat of repossession or going through a problem divorce?

Or are you finding yourself having to relocate quickly but struggling to sell your home through an estate agent? Was your home due to exchange contracts and the chain broke at the last minute?

If any of these apply to you, then it is likely that you are looking for a fast cash sale.

So what is the best way to go about this?

Without doubt, you should consider using the services of a cash buyer. I know many people think that these cash investors are simply out to 'rip you off', and yes some are, but most aren't. In fact, most investors are looking to do a 'win-win' deal, that is, purchase your property in the way that suits both parties best.

Think of it this way, cash investors are looking to buy as many properties as they can. If they are constantly ripping people off, word of mouth will spread so that the properties that would have become available to them dry up. This makes no financial sense to them. Instead it is much more sensible that they do deals that makes them a reasonable profit but at the same time make it sensible for you to proceed.

There are 2 excellent reasons to use the service of a cash buyer. These are

1. the speed at which the deal can be done. The cash investor can often make you an offer on your property within hours, and you can have exchanged contracts within 7 days.

2. finance is already in place so there is no need to worry that the sale will fall through.

Added to this, a completion date can be arranged to suit YOU and your NEEDS.

I am sure you will realise by now, that both speed and secure finance are rare commodities in the house buying market, therefore to get these benefits you will be expected to sell your house at a discount.

So what sort of discount should you be looking at? Well if you are ever offered 40% to 50% for your home by a cash buyer then walk away. A more reasonable figure is around 80% to 82% of your home's true market value. Let me explain further. For a cash buyer to proceed they need to ensure that they cover the costs of purchasing your home, as well as the costs of either selling the property on, or keeping and maintaining the property. Added to this they need to ensure they make a small but reasonable profit for their effort. At 80% to 82% discount, this should enable them to proceed.

But what is true market value? This is the amount you would get for your home were you to sell it through an estate agent within 8 weeks. This is NOT the same as what the estate agent would put it on the market at.

If you have doubts about being able to discount your property by 80% to 82% then this method of sale is not for you. You should be completely certain about this before you proceed.

So what else is involved in the sale? If the cash buyer asks you to contribute to legal fees and surveyors costs, again walk away. The only cost to you should be in the discount of your property. Many offer to pay your legal expenses and I suggest you go with this, after all, every little helps in these situations.

Also anyone guaranteeing to sell your home within 24 hours simply cannot. They may get you an offer quickly, but this is not the same as selling your home. So just be aware of this.

Another great reason to use a cash buyer is that some will allow you to sell and rent back. That is, you sell your house to them, which gets you your money back quickly, and they allow you to remain in your home at an agreed rent and term. This saves the disruption of having to move as well as the the costs and stress involved in moving.

The key to this is to find a reputable cash buying company, who will buy your house a reasonable discount, paying your legal fees,considering YOU and your time frames. You need to seek out a company that will remove your 'how to sell my house quickly' concerns. Please see my recommendations below.